| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $23M | $22M | 1.2% | 7.8% |
| Op. Income | $3M | $3M | $509.0K | -12.8% | 456.6% |
| Gross Margin | 75.2% | 72.7% | 69.4% | 2.5pp | 5.8pp |
| Net Margin | 12.0% | 132.8% | 3.0% | -120.8pp | 9.0pp |
| EPS (Diluted) | $0.10 | $1.11 | $0.06 | -91.0% | 79.9% |
| Free Cash Flow | $10M | -$5M | $845.0K | 324.9% | 1108.0% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $18M |
| R&D Expenses | $7M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $3M |
| Interest Income | $462.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $917.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $930.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $578.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $18M |
| R&D Expenses | $7M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $3M |
| Interest Income | $462.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $917.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $930.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $578.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $666.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $663.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$224.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$224.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $4M |
| Goodwill | $13M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $145M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $45M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $413M |
| Retained Earnings | -$289M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $145M |
| Total Debt | $6M |
| Net Debt | -$65M |
